Mohan Meakin Unlisted Shares
Mohan Meakin is a large group of companies which started with Asia's first brewery incorporated in 1855 by Edward Dyer at Kasauli in the Himalayan Mountains in India under the name Dyer Breweries.
Mohan Meakin was established with initiation of a Brewery at Kasauli by Edward Dyer in 1855. He was the India’s brewing pioneer who brought the modern beer to this part of the world. He scaled the whole width of this subcontinent and established breweries and distilleries at Simla, Solan, Lucknow and Mandalay (Burma).
H.G. Meakin, coming from a well known brewing family of Burton-on-Trent where he was trained, and founded Meakin & Co. Ltd. He bought the old Simla and Kasauli Breweries and built others at Dalhousie, Ranikhet, Chakrarta, Darjeeling and Kirkee.
Both these firms E. Dyer & Co., and Meakin & Co. Ltd., continued doing business separately up till after the second decade of the 20th century. The two firms joined hands and started a new joint stock venture under the style of Dyer Meakin & Co.Ltd.
The Company is manufacturing Beer of all types and IMFS brands including premium Rums,Whiskies, Brandy, Vodka, GIN, ready to drink (in 3 flavors). In addition to the main products of Beer and IMFS, the company is manufacturing Juices, Canned products, Corn Flakes, Wheat Porridge and vinegars.
The Company’s revenue streams arefrom 3 areas of activities i.e.
a) Manufacture and Sale of alcoholic products, Matured Spirits etc.
b) Manufacture and Sale of non-alcoholic products, and
c) Royalty and Technical Know-how by allowing Bottling & Manufacturing of Company’s products throughout India.
Mr. L.K. Malhotra Chairman Independent director
Mr. Hemant Mohan Managing Director
Mr. R.C. Jain Director Finance & CFO
Mr. M. Nandagopal Independent Director
Mr. Yash Kumar Sehgal Independent Director
Mr. N. Murugan Independent Director
Mr. Vinay Mohan Non-Executive & Non-Independent
Mrs. Shalini Mohan Non-Executive &Non-Independent
Category of shareholder No. of shares Holding (in %)
Promoter 57,26,973 67.31
Mutual Funds/ Institutions 7,35,288 8.64
Others 20,46,218 24.05
Total outstanding shares 85,08,479 100
The total net revenue, after adjusting excise duty, from operations and other income of the Company registered an increase from Rs. 102778 lacs last year to Rs.110187 lacs.
The Company has introduced premium brand of Single Malt Whisky known as Solan Gold Single Malt Whisky in H.P., which is being introduced in other States of the Country. The product has been well accepted in the market.
State Governments do not allow free flow of Beer and Whiskymanufactured in other States imposing exorbitant import fee and putting restrictions. Rise in price of petroleum products and the logistic issues are other obstacles . To overcome these to overcome these company has opted for collaboration, technical knowhow and bottling arrangements in various other States.